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outside at capitol hill, none is more pressing than stopping the double whammy to the economy. tax increases and huge federal spending cuts kick in after the new year. and they'll impact all americans. but lawmakers don't have a lot of time. the lame duck session of congress has until december 31st to avoid that fiscal cliff. >>> new this morning, sentencing day for former d.c. council chair kwame brown. he pled guilty for bank fraud charges back in june. fox 5's melanie alnwick is live at the u.s. district court this morning with a look at what brown is facing. >> reporter: good morning. brown is facing perhaps a jail term but we'll see. his original plea agreement where he admitted guilty to all of those charms called identify six-month jail sentence but right now, prosecutors seem to be softening somewhat recommending to the judge just six days in jail for kwame brown and three years of supervised probation. it was really just a high profile fall from grace. brown held the district's second highest local elected office before pleading guilty in june to providing false informatio
economy largely built around the federal government. democrats want to let bush era tax breaks for the wealthiest americans expire while republicans prefer raising money through tax reform. leaders of both parties say they want to work together but as the president prepares to address the issue today, there is little time left. >> people making all this money have to contribute a little bit more. and all the exit polling, all the polling we've done, the vast majority of the american people support that including rich people. >> reporter: the balanced approach isn't balanced if it means higher taxes on small businesses that are the key to getting our economy moving again and keeping it moving. >> reporter: a new report by the congressional budget office says that if sequestration is allowed to happens, those automatic cuts and tax increases, that the nation would go back into a recession and unemployment would rise above 9%. certain entitlement programs such as social security and medicaid are exempt from any cuts that would be triggered. but just about everything else is on the table.
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